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NEWS

  • Cebu’s officials, biz leaders gather for Bobby Aboitiz

    By La Cámara on April 28, 2017
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    GOVERNMENT officials, local business leaders, relatives and friends yesterday came to view the remains of Ramon Aboitiz Foundation Inc. (Rafi) President Robert Eduardo “Bobby” Aboitiz and offered their condolences to the family. Cebu Gov. Hilario Davide III, Cebu City Mayor Tomas Osmeña, Mandaue City Mayor Luigi Quisumbing, Cebu City Councilor Joel Garganera and University of Cebu president Atty. Augusto Go […]
  • Spain’s OHL sees core profit rising more than quadrupling in 2017 y/y

    By La Cámara on April 28, 2017
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    Spanish constructor OHL <OHL.MC> sees earnings before interest, taxes, depreciation and amortization (EBITDA) rising by more than four times to 1 billion euros in 2017 from a year earlier, the company said as part of its Investors Day. It said sales would rise 30 percent to 5 billion euros in 2017 from 3.9 billion euros in 2016. Proforma, net recourse […]
  • Indra leads European big data project

    By La Cámara on April 28, 2017
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    Technology firm Indra is leading the R&D&i Transforming Transport project, which aims to demonstrate how the use of data may improve management and services rendered to clients in the logistics and transport sector, through 13 large-scale pilots in different countries and transport modes. Funded by the European Commission under Horizon 2020 program, the project includes 47 partners from Finland, France, […]
  • Turkish Airlines CEO Is Optimistic About 2017

    By La Cámara on April 28, 2017
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    Bilal Eksi, chief executive officer and deputy chairman at Turkish Airlines, discusses the state of his business and his relationship with Lufthansa. He speaks on “Bloomberg Markets: Asia.” Video Source: Bloomberg.com
  • Philippines: The 72nd-happiest country in the world

    By La Cámara on April 28, 2017
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    IN celebration of International Day of Happiness, the United Nations (UN) released its 2017 edition of the World Happiness Report, aimed at providing an alternative approach to measuring development and prosperity beyond purely economic terms like GDP.  For this year’s report, the Philippines ranked 72nd out of 155 countries, much higher than our ranking of 82nd out of 157 last […]
  • BOI investments up 31% in Jan-April

    By La Cámara on April 28, 2017
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     Investment pledges approved by the Board of Investments (BOI) jumped by nearly a third in the first four months of the year. BOI managing head Ceferino Rodolfo reported yesterday that the BOI had approved P154 billion worth of projects from January to April, up 31 percent year on year. “This is equivalent to 46,018 jobs to be generated compared to […]
  • Summer officially begins in the Philippines

    By La Cámara on April 28, 2017
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    PAGASA says ‘day-to-day weather will gradually become warmer and drier,’ but there will still be isolated rainshowers Expect hotter days ahead, as summer is officially here. State weather bureau PAGASA announced the termination of the northeast monsoon on Wednesday, April 5, which means the start of summer in the country. “The resurgence of the northeast monsoon that affected the Northern […]
  • Dengue vaccine now in the Philippines

    By La Cámara on April 28, 2017
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    The world’s first dengue vaccine is now commercially available in the Philippines. Watsons, the international healthcare and beauty care chain, will be holding a three-part series of dengue vaccinations in 108 stores starting April 30. It supports the World Health Organization’s goal of reducing the rate of dengue by 25 percent, and deaths by 50 percent by 2020. Endemic in […]
  • Philippine economy to remain fastest growing in region – IMF

    By La Cámara on April 28, 2017
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    The International Monetary Fund (IMF) expects the Philippines to book the fastest economic growth in the region over the next two years amid the projected stronger global economic recovery. IMF resident representative Shanaka Jayanath Peiris said in an email that the multilateral fund expects the Philippines to book a gross domestic product (GDP) growth of 6.8 percent this year and […]
  • Country still safe for tourists

    By La Cámara on April 28, 2017
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    Tourism officials and stakeholders yesterday declared the Philippines is a safe place to visit despite adverse travel advisories issued by several embassies warning of terror attacks in the country. This was the agreement reached during a meeting between stake-holders and officials led by Tourism Secretary Wanda Teo, amid reports that travelers have started canceling planned trips to the Philippines. Teo […]

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